Tuesday, 12 September 2017

Bank Nifty Spot Outlook for 13th Sep

BANK NIFTY

Bank Nifty spot opened at 24779.15 ,made a low of 24653.60, it made a high of 24821.35 , before closing at 24784.70

Had mentioned that long positions for the day can be taken above 24725 and short positions for the day can be taken below 24620 .Bank Nifty triggered our long trade and completed 2 targets giving 70 points . Bank Nifty had also triggered our weekly long trade in the previous session and today completed 5 weekly long targets giving around 350+ points from the weekly long trade .

Had mentioned in the previous post " Now in the coming session Bank Nifty breaking and sustaining below 24620 can test 24570 - 24555 and on sustaining below it we can see a further test of 24505 - 24455 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24725 we can see a test of 24780 - 24790 initially and breaking and sustaining above it we can see a further move till 24840 - 24890 next . " , and we saw Bank Nifty make a high of 24821.35 on sustaining above 24725 . Now in the coming session Bank Nifty breaking and sustaining below 24735 can test 24685 - 24670 and on sustaining below it we can see a further test of 24625 - 24575 next. Similarly in the coming session Bank Nifty breaking and sustaining above 24835 we can see a test of 24885 - 24900 initially and breaking and sustaining above it we can see a further move till 24945 - 24995 next .

Bank Nifty Spot Levels for the day are

Long above 24835 for 24865 – 24900 – 24995 , SL 24770

Short below 24735 for 24705 – 24670 – 24575 , SL 24800

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.